Arizona Hard Money Deal - Active

620

5 deals

No

Holbrook

Arizona

$40,000

$2,500

$185,000

$11,000,000

A 12,000 square foot historic building. Once a church, then a chiropractors office, and now it's been empty for a while. It needs some love to be be in great shape again but it's nothing my crew can't handle. Ive got 13 renters lined up at 750$ per month for the studio housing rentals that are already apart of the building. I additionally have a business Willing to rent the theatre and gymnasium for 3000-5000 per month for the purpose of opening a daycare as well as another business that would like to renovate and rent the church auditorium for 8900$ per month for the purpose of opening an arcade. The tallied monthly income I would generate would surpass 20,000$ per month. I have the renters already I just need to purchase the building and make the necessary repairs. Currently have a signed contingency offer from the seller agreeing to the purchase price of 40,000 for the building if I can secure funding for the rehab etc. total estimated value of property after renovations is 1.1 million dollars. Project is supported by the local mayor and the building is about 3 blocks from City Hall.